Subsidies In One Place Don’t Justify Tariffs in Another

Quebec Premier Philippe Couillard told reporters “Quebec has been attacked. And Quebec will resist. And Quebec will unite. . . .’
This sounds serious. I always thought Canada’s deference to its southern neighbour would preclude a confrontation with the almighty U. S. military. Couillard continued ‘All together, we will protect our workers.’ Okay, now we can relax. As they appeal for public support for their interventionist policies, politicians often resort to hyperbole. I should have known.
The action which Couillard refers to as an ‘attack’ turns out to be an American tariff on the C Series jet produced by Bombardier, a Quebec-based manufacturer of planes and trains. The intent to impose a 220% tariff was announced on September 26th, ‘after rival Boeing Co accused Canada of unfairly subsidizing the aircraft, a move likely to strain trade relations between the neighbours.’ On October 6th, the U. S. Commerce Department proposed to increase the tariff to nearly 300%.
The Evil of Government Subsidies As I have written previously, Bombardier has been the recipient of substantial government aid over the years. Politicians and bureaucrats constantly assure us that when the government provides financial aid to struggling companies, this actually promotes economic prosperity because jobs are ‘saved.’ Nonsense. Unprofitable firms must be allowed to die. It is not the government’s responsibility to preserve jobs in any particular sector. Consumers will make these decisions.

This post was published at Ludwig von Mises Institute on Oct 12, 2017.

Curtain Down On Las Vegas Shooting

I appreciate all of your supportive comments about my efforts to tell the real from the fake elements in the Las Vegas shooting information.
As several of you noted, it could be a case where some people were shot from somewhere and fake elements were added to blow the scene into a massacre for use in behalf of some agenda or the other. A professor in Canada, who I know and to whose intelligence and integrity I can attest, reminded me that the Northwoods Project, a false flag attack proposal given to President John F. Kennedy by the Joint Chiefs of Staff to produce an excuse for invading Cuba, consisted of both real and fake elements. The professor analyzed the Northwoods proposal and provides this list of the fake/real mixture:
Dear Craig: I thank you for carrying an honest discussion on your website of the difficulties in sorting out whether Las Vegas victims were real or fake. I claim no expertise in this incident; I simply want to remind folks that there is no contradiction between claims of real injury and claims of fake injury. Why would the planners want to choose just one option? Way back in the early 1960s where they were planning the Northwoods operation, they envisioned both options in the operation. A couple of years ago I tried to sort out the planned victims and arrived at this list:
Victims:
[1] (capture: real victim, no injury, false identity) ‘Capture Cuban (friendly) saboteurs’

This post was published at Paul Craig Roberts on October 12, 2017.

Madrid Waged Cyber-War & Catalonia Votes Overwhelmingly to Leave Spain

Catalonia voted overwhelmingly to secede from Spain. Of course, the hard line invasion of riot police who beat and threatened the people discouraged many from showing up with the turnout being only 43%. The fascist government in Spain has demonstrated to the entire world that there is a major country risk in dealing with Spain. Any government that uses force against democracy will do whatever it takes to sustain power as the economy gets wose going into 2021.
Hundreds of people were injured by riot police attempting to prevent voting, and this has only caused outrage and further protests solidifying the resolve to separate from such a fascist government. Both Canada and Britain allowed separatist votes. Why Spain deemed the vote illegal was clear that they knew they would vote to leave.

This post was published at Armstrong Economics on Oct 7, 2017.

Canada: Risks of a Parliamentary Democracy

A Vulnerable System Parliamentary democracy is vulnerable to the extremely dangerous possibility that someone with very little voter support can rise to the top layer of government. All one apparently has to do is to be enough of a populist to get elected by ghetto dwellers.
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Thereafter, political correctness and a belief in multiculturalism in the larger society are helpful. One doesn’t have to be very good in political strategizing, or have strong organizational abilities, or even be intelligent. By jumping through a few hoops, anyone can end up as prime minister in a parliamentary democracy, a major risk currently staring Canada in the face.
Harjit Singh Sajjan is currently Canada’s minister of defense. He was elected in Vancouver South, which is one of the districts with the largest immigrant populations: about 75% of its inhabitants are either first or second generation immigrants. Sajjan received 21,773 votes in the 2015 election. He is new to politics, and it recently turned out he lied about his contribution as a military officer in Afghanistan.

This post was published at Acting-Man on October 5, 2017.

Stratfor Worldview’s 2017 Fourth Quarter Forecast for Geopolitical Developments

Based on the principle that transformative world events are not random, but are in fact predictable, Stratfor develops decade, annual and quarterly forecasts. These forecasts are built upon Stratfor’s geopolitical methodology, our framework for identifying and forecasting the fundamental trends shaping the international system. Below are the global trends highlighted in Stratfor’s forecast for the fourth-quarter of 2017. The complete forecast is available at Stratfor Worldview.
Forecast Highlights
North Korea’s nuclear ambitions will occupy most of the United States’ attention as Washington searches for ways to halt the progress of Pyongyang’s weapons program, even as China and Russia continue to subtly prop up their belligerent neighbor. Distracted by North Korea, the United States will not be willing to create another headache for itself by withdrawing from its nuclear deal with Iran. Russia, meanwhile, will deepen its involvement in several conflicts around the world to strengthen its own bargaining position in talks with the United States. The White House will keep putting its trade policies into practice in the fourth quarter, but despite its tough talk in the opening phase of NAFTA negotiations, the United States will have a hard time persuading Mexico and Canada to meet its steep demands. Across the Atlantic, Europe will turn to the difficult task of reforming institutions within the European Union and eurozone now that national elections in France and Germany have wrapped up.

This post was published at FinancialSense on 10/02/2017.

Trump’s China-Sanctions Madness Imperils the Dollar

Last week US Treasury Secretary Steve Mnuchin warned the US will impose new sanctions on China if it doesn’t conform to UN sanctions on North Korea:
“If China doesn’t follow these sanctions, we will put additional sanctions on them and prevent them from accessing the U. S. and international dollar system, and that’s quite meaningful.”
In other words, the administration wants to sanction one of the US’s biggest trading partners, and the world’s second-largest economy.
China is the world’s third-largest recipient of Americans exports, behind only Canada and Mexico. China is the world’s largest source of imports for Americans, slightly ahead of both Mexico and Canada.
In 2016, Americans exported $169 billion in goods and services to China while importing $478 billion of goods and services. Every year, both consumers and producers benefit from the importation of Chinese electronics, machinery, food, footwear, and more.
Ratcheting up economic warfare with China could serve to cut off these avenues of trade and thus will only cost consumers and small business owners who currently benefit from lower-cost machinery, clothing, and more.

This post was published at Ludwig von Mises Institute on September 20, 2017.

General Confirms “US Policy Is Not To Defend Canada” In The Event Of A Missile Attack

Authored by John Ivison via NationalPost.com,
Participation in the ballistic missile defence program would be costly, but, amid nuclear threats, it appears Canada is no longer under the protective umbrella of the U. S.
Politicians approach most subjects with open mouths, but they are rarely at a loss for words.
That’s why the testimony at a House of Commons defence committee, specially convened to consider the thorny problem that is North Korea, was so memorable.
Honourable members were stumped by the testimony of Lt. Gen. Pierre St-Amand, the Canadian who serves as deputy commander of North American Aerospace Defence Command (NORAD) in Colorado Springs.
Conservative MP James Bezan asked St-Amand whether he agreed with the common Canadian perception that the Americans would shoot down an incoming intercontinental ballistic missile heading for a Canadian city, even though Canada is not a participant in the U. S.’s ballistic missile defence program. His response jolted the committee members from their late-summer stupor.
‘I’m being told in Colorado Springs that U. S. policy is not to defend Canada. That’s fact I can bring to the table,’ he said. St-Amand conceded that in the ‘heat of the moment,’ American commanders might act contrary to their stated policy, ‘but that would be entirely a U. S. decision.’

This post was published at Zero Hedge on Sep 17, 2017.

Even Bernie Sanders Thinks “Medicare For All” Would Bankrupt America

Even Bernie Sanders has acknowledged that the federal government couldn’t afford to provide health care to all of its citizens.
In a video clip from 1987 that was discovered by the Washington Free Beacon, then-Burlington Mayor Bernie Sanders (I., Vt.) admitted that ‘giving everybody a Medicaid card’ would ‘bankrupt the nation.’
‘You want to guarantee that all people have access to health care as you do in Canada,” Sanders said.
‘But unless we change the funding and control systems to do that, for example, if we gave everybody a Medicaid card we would be spending such an astronomical sum of money that we would bankrupt the nation.’
Of course, as we reported two days ago, Sanders is pushing essentially the same system with his newly introduced ‘Medicare for All’ bill. The proposal would offer the same suite of medical benefits required for some insurance plans under the Affordable Care Act and eliminate most out-of-pocket costs. Mr. Sanders argues that although taxes would likely rise to support the new system, families would save money by no longer needing to purchase health coverage.

This post was published at Zero Hedge on Sep 16, 2017.

Justin Trudeau To Refugees: There’s “No Advantage” To Entering Canada Illegally

Eight months.
That’s how long it took for Canadian Prime Minister and liberal hero Justin Trudeau to realize his promise to welcome all immigrants and refugees to Canada may have been a little short-sighted. After the prime minister proudly proclaimed on Twitter back in January that Canada would welcome all those fleeing ‘persecution and war,’ the prime minister changed his tone this week when he warned refugees crossing into Canada from the US that sneaking into the country illegally wouldn’t fast-track the process of granting asylum.
To those fleeing persecution, terror & war, Canadians will welcome you, regardless of your faith. Diversity is our strength #WelcomeToCanada
— Justin Trudeau (@JustinTrudeau) January 28, 2017

This post was published at Zero Hedge on Aug 22, 2017.

Erdogan Tells Turks in Germany to Vote Against Merkel

While the Democrats want to make a huge issue out of Russia hacking their files and releasing evidence that they were truly corrupt and how Clinton was just a liar blaming Russia rather than themselves, interference in the elections of other countries is par for the course. I have reported how Obama has interfered in Canada, Britain, and France. This is standard operational procedure. Now Turkish President Tayyip Erdogan publicly told all Turks living in Germany to vote against Chancellor Angela Merkel’s Christian Democrats on September 24th.
For Erdogan to publicly try to influence the German elections as Obama did in Britain tell them to get to the ‘back of queue’ if they voted for BREXIT, demonstrates the lack of unity between the NATO allies and major trade partners.

This post was published at Armstrong Economics on Aug 21, 2017.

Canada Sends Soldiers To Popular Border Crossing

Prime Minister Justin Trudeau should probably stop telling refugees that ‘everybody is welcome in Canada,’ after his vow to protect asylum seekers inspired thousands of migrants to journey north across the US-Canada border, fearing deportation should they remain in the states following the election of President Donald Trump.
The influx of migrants has overwhelmed the ability of local and federal agencies to process and provide for the newcomers, leaving many in an uncomfortable legal limbo as they wait for their hearing dates. In recent months, thousands of Haitian asylum seekers have crossed into Quebec following Trump’s threat to remove the temporary protected status granted to nearly 60,000 Haitians living in the US following Haiti’s 2010 earthquake. Of the 4,345 people who either sought asylum at the Canadian border or were intercepted by police in the first six months of 2017, 3,350 were recorded in Quebec.
With the pace of new arrivals increasing, the federal government is being forced to take action.
According to the Associated Press, the Canadian government has dispatched soldiers to a remote back road connecting Quebec with upstate New York. The site has become a popular route for migrants, with more than 400 crossing on Sunday alone.

This post was published at Zero Hedge on Aug 10, 2017.